What is the meaning of loss mitigation?

Loss mitigation is when a third party hired by the homeowner, bank division or a private company mediates a negotiation between the lender and borrower to help avoid a foreclosure. There are sever...
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What is the definition of loss mitigation?

Loss mitigation is the practice of preventing default and/or foreclosure on a home or property loan. It has become an important field of expertise for banks and mortgage companies seeking to lessen...
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Are loss mitigation specialists a rip-off?

On One Hand: Help Saving Your HomeLoss mitigation specialists are supposed to be experts in assisting homeowners with saving their home from foreclosure. Most have experience in the real estate or ...
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